Under the agreement announced Monday, Nashville-based Gibson is to pay a $300,000 penalty. The company also agreed to forfeit claims to about $262,000 worth of wood seized by federal agents and contribute $50,000 to promote conservation of protected tree species.

The company didn't immediately respond to a request for comment.

Gibson's decision stands in contrast to a 2011 publicity campaign mounted after agents raided Gibson facilities in Memphis and Nashville.

Republicans and tea party members rallied behind CEO Henry Juszkiewicz (JUS'-kuh-wits) when he denounced the raids as overzealous federal regulation that threatened American jobs.